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India

Bombay Stock Exchange launches IndoNext for SMEs

Finance minister P Chidambaram today launched BSE IndoNext, a joint project promoted by the Bombay Stock Exchange and the Federation of Indian Stock Exchanges to create a national trading platform for small- and medium-sized enterprises (SMEs). "IndoNext would be a...

#Jobs#liquidity#smes

Government to facilitate financing to SME sector

The Indian government has said it is in the process of developing a review mechanism to find out the number…

#banks


RBI should fix SSI lending target for banks house...

The Parliamentary Committee on banking feels that the Reserve Bank of India (RBI) should fix targets for individual banks for…


FIM Bank acquires 38.5 per cent stake in GTF

First International Merchant (FIM) Bank has acquired 38.5 per cent stake in Global Trade Finance (GTF)-26 per cent of the…

#bank#global trade#international


ECGC credit to be slashed by 50 per cent...

Export Credit Guarantee Corporation of India (ECGC) has decided to reduce the eligible credit limit by 50 per cent or…

#bank#exporters#guarantee


Sidbi moots finance schemes for SMEs

Even though the government is making all efforts to boost credit flow to small- and medium-sized enterprises (SMEs), banks need…


Sidbi's rating agency may face challenge

The Small Industries Development Bank of India's (Sidbi) proposed credit rating agency, exclusively catering to the the small- scale industry…

#bank#banks#SIDBI


Srei says Mint Road curb holding back US$100m ECB

Srei Infrastructure Finance Ltd, a project and infrastructure finance company, has sought the removal of the curb on accessing external…

#bank#banks#investment


World Bank announces development loan to improve SMEs’ access...

The World Bank has approved a US$120m loan to support the development of India's small-and medium-sized enterprises (SMEs). The loan…

#bank#management#risk management


Joint Rs 500-cr SME fund announced

Small Industries Development Bank of India (Sidbi), Punjab National Bank (PNB) and Union Bank of India are coming together to…

#bank#banks#risk


ECGC signs agency agreement with Andhra bank

Export Credit Guarantee Corporation of India Ltd. (ECGC) and Andhra Bank signed a Corporate Agency Agreement for marketing of ECGC’s…


India's Export Credit Guarantee Corporation increases equity base

India's Government have decided to enhance the equity base of the Export Credit Guarantee Corporation of India Ltd. (ECGC) from…

ECGC opens Tuticorin branch

Export Credit Guarantee Corporation (ECGC) has decided to open satellite branches at upcoming export centres in the country. ECGC has…

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